The news from Washington is a mixed bag of good news and bad news. The good news for investors is that the inventory of distressed properties is still high and foreclosure filings are still steady. Good news is that the home loan modifications are beginning to show signs of success. The programs that the Obama administration have put in place since he took office are slowly showing signs that the real estate market is stabilizing. Washington is now admitting it is going to take time for the the real estate market to recover.
Novembers Housing and Urban Development November score card points out the strong and weak sectors of the real estate market recovery. The strong points are the housing prices in most areas are showing signs of stabilization. The weak side is there are more then a million distressed properties still on the market, which is giving investors opportunities like we have never seen before and may never see again in a life time.
We are buying properties at 10-30 cents on the dollar fixing them up and putting tenants in them and selling them as turnkey investments that cash flow $600-1000 per month. Right now we have a turnkey property that we will be closing on that has a built in tenant that has lived in the property for 40 years. We are buying the property short $150K and will do no work on it and the owner is willing to sign a 2 year lease with us. The property, not in distress has a fair market value of $180,000. We will turn around and sell this property with property management in place for $125K for a single lot. Deeper discounts when purchased in lots of 5 or more.
We invite you to our web site RealestateInvestorsChicago.com . We can create this model in any state. All it takes is education on your part. We have limited numbers of qualified properties that will be ready to take investment within 90 days. Reserve you place now. Contact Art at New Vision Investor Solutions
888-248-1410 Ext. 702 or email me for more details.
